Joey, I'm not sure I'm as skeptical as you about this being a buy. In my mind, this McCuaig or however it is spelled is a definite go, slow or fast. And frankly, this selling in Canadian pennies is basically a function of "oh shit, look what's happening in the USA markets" and selling ANYTHING to reliquify instead of watch profits evaporate.
You know how human nature is...all agree sell half on a double is great advice...except when it is going up...then it is naw, I want a trip or a quad or a quin, etc. But, suddenly the brain kicks into gear when it's coming back down and beginning to threaten even the doubles and panic sets in.
The other thing that is going on is that most of the surging herd are in schlock pennies and wouldn't know a good one if it bit'em on the asp. So, seeing a good play just passes them by because so and so hasn't recommended it yet.
Look what happened to Bay. Then look at what happened to WTC a g'd copper play fer chris'sakes. Now watch 'em pile into CKG. Then wait a spell...and listen to'em yeowl because they have 25-30 mothers that ain't worth used T-T but they're hangin' on to 'em because at least one is s'posta quad on 'em. What a crock.
Oh, well...rant over...sanity returns...I'll give the drill-doldrums a chance to settle in as everyone and their dog dispairs of ever seeing 320 again let alone 330 PoG.
G/L in your trading strategy.
BTW, the one you dogged on me about NSTK...it is in definite accumulate territory if you have a 2 year time horizon...you'll see $30...guarandamnteeya...I'm in at 7.5 missed on an earlier ad to 11, and now get to add again.
Obviously not a mining stock...but a good one, nevertheless...only about 1-3 mil in the float...so all moves are exaggerated, but is a good little trader that will lower your cost on the long term shares...take another look, deal?
g_t |
